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What A Rally In Miners! Wait… Where Did It Go?

What A Rally In Miners! Wait… Where Did It Go?

In yesterday’s analysis, I wrote that mining stocks’ rally was likely temporary. Indeed, they already moved back below our entry point for the current short position.This happened even though the general stock market moved slightly higher.What’s next? Gold made a few attempts to move above the all-important $2,000 level and the rising resistance lines, and […]
Health Care Heading For Gains?

Health Care Heading For Gains?

Image Source: Pexels United Healthcare Group (UNH) is an American multinational company that manages both healthcare and insurance. As well as providing well-needed healthcare products and services the United Health Group is an extremely profitable company. The company is ranked 10th on the 2023 Fortune global 500 and has a market capitalisation of over $470 billion.Furthermore, […]
Wall Street Looks To Extend Red-Hot Rally

Wall Street Looks To Extend Red-Hot Rally

Wall Street is higher across the board this afternoon, with the S&P 500 Index (SPX) on track for its longest winning streak in two years. The Dow Jones Industrial Average (DJIA) is also higher, while the Nasdaq Composite (IXIC) outperforms with a triple-digit lead on the back of dwindling Treasury yields, as both look to extend their […]
Korean Stocks Crash Day After ‘Political’ Short-Selling Ban

Korean Stocks Crash Day After ‘Political’ Short-Selling Ban

Image Source: Pixabay Who could have seen that coming…Much like the rest of the world, after exuberant run-ups in the first half of the year, Korean equity markets plunged over 20% in the past three months… Clearly, this is unacceptable and so, over the weekend, South Korean regulators unleashed a “short-selling ban” on equity investors… because blaming those nasty […]
AgMaster Report – Tuesday, Nov. 7

AgMaster Report – Tuesday, Nov. 7

JAN BEANS A picture is worth 1000 words! And indeed, the above chart speaks volumes to the fact that “harvest lows are in”! And why not? Bean harvest is 90% in, the US Dollar plummeted last week making US exports much more attractive, the Farmer is storing – not selling, South American planting is behind […]
Dash For Cash Intensifying

Dash For Cash Intensifying

More than a decade of near-zero interest rates spawned a generation of bonkers financial decisions. Now, we are in the reveal and clean-up phase.Unlike fixed-term mortgages, other forms of credit quickly change with overnight policy rates set by central banks.  As shown below, since 1960, courtesy of the Daily Shot, non-mortgage interest payments now suddenly […]
FTSE Fails To Hold Early Gains Closing In The Red As Miners Weigh

FTSE Fails To Hold Early Gains Closing In The Red As Miners Weigh

Image Source: Pexels British equities started the day with slight gains on Tuesday, driven by a surge in the personal goods sector. However, as investors analysed economic data indicating a slowing UK economy, the blue-chip benchmark FTSE 100 which initially rose 0.1% later reversed to trade down 0.25% by the end of the day.On the positive […]
STOXX 600 Earnings Outlook 23Q3 – Tuesday, Nov. 7

STOXX 600 Earnings Outlook 23Q3 – Tuesday, Nov. 7

Image Source: Pixabay European Aggregate Estimates and Revisions Third-quarter earnings are expected to decrease by 10.3% from Q3 2022. Excluding the Energy sector, earnings are expected to increase 1.8%. Third-quarter revenue is expected to decrease 7.6% from Q3 2022. Excluding the Energy sector, revenues are expected to decrease by 3.9%. 206 companies in the STOXX 600 have reported earnings to date […]
UBS Shares Gain At Market Open Despite $785M Loss In Q3, Here’s Why

UBS Shares Gain At Market Open Despite $785M Loss In Q3, Here’s Why

Image courtesy of 123rf.com UBS, Switzerland’s largest bank, posted a net loss of $785 million in Q3, the first negative income in nearly six years. However, the bank’s US-listed shares rose 1.3% at the market open as investors saw the loss as a temporary blow caused by the complex Credit Suisse deal while finding several positives in the report. […]
Gold: A Week Of Pain & Then More Gain

Gold: A Week Of Pain & Then More Gain

With war, debt, the dollar, and rates all in play as key drivers for gold, what’s next for the price?For some technical insight into the matter: Gold became overbought two weeks ago as it once again approached the $2000 “line in the sand” zone, and it has been forming a H&S top since then.The top was almost eliminated […]